US Solar installs to get 40% boost on climate law, report says

The IRA is going to transform America’s energy economy, and the forecasts show a wave of clean energy and manufacturing investments

President Joe Biden’s sweeping climate legislation is expected to boost US solar installation, but lingering bottlenecks in the global supply chain and trade issues mean most gains won’t be realized until 2024.

Clean-energy developers are forecast to install more than 215 gigawatts of solar panels during the next five years, according to a report published Thursday from the Solar Energy Industries Association and Wood Mackenzie. That’s 40% more than the Washington-based trade group expected without the Inflation Reduction Act, the climate-friendly bill signed into law last month.

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Source: Bloomberg

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